Income Tax
Log in to FollowLatest Income Tax news, articles, notifications, circulars and case laws covering ITR, assessments, deductions, TDS, capital gains, tax audit, appeals and compliance.

Dividend Exemption Restored as Form Cannot Override Substance

Section 68 Addition Set Aside for Non-Consideration of Evidence

80G Approval Not Deniable for Incidental Religious Activities

Demonetisation Cash Deposits Partly Explained, Balance Deleted

No Bank Entry or Form 26AS: Professional Fee Claim Rejected

Stamp Duty Addition Deleted for Lack of Evidence of Claim

Ex-Parte LTCG Order Set Aside for Fresh, Fair Computation

Supreme Court Backs Section 17A Shield for Official Decisions

Mauritius DTAA doesn’t come to rescue & Tiger Global is liable to Tax: SC

Tiger Global Decision- Fairness and Tax Certainties

Disallowance of business loss without pointing out specific defects is impermissible

Section 80P(2)(d) Cannot Be Denied for Co-operative Bank Income

80P deduction admissible on interest earned by co-operative society from deposits with co-operative and nationalized banks

Disallowance on alleged fictitious loss without incriminating material cannot be sustained
Income Tax is TaxGuru’s extensive resource for developments under India’s direct tax laws. This category covers Income-tax provisions, rules, notifications, circulars, instructions, judicial decisions and practical compliance issues. Readers can explore articles and case laws on income-tax returns, assessments, reassessment, deductions, exemptions, capital gains, business income, TDS and TCS, tax audit, penalties, appeals, international taxation and other direct tax matters. The category also covers important CBDT announcements, tax deadlines, return filing developments and changes affecting individuals, businesses and other taxpayers. Chartered Accountants, advocates, tax professionals, companies and taxpayers can use this section to follow legislative, administrative and judicial developments and research important Income Tax issues and precedents.
